Tier IV raises $9 million from Quanta Computer
Tier IV, Inc. announced that it has raised about $9 million from Quanta Computer, Inc. in a Series A extension round following the previous $100+ million Series A funding.
This latest funding engages Quanta Computer and Tier IV to develop a new reference model of electronic control units (ECUs) for autonomous driving.
The current state of the art in autonomous driving requires low-power and high-performance ECUs with functional safety features. The strategic collaboration of Quanta Computer and Tier IV will discover a desired specification for those ECUs as a reference model based on the best practice integration of Autoware, a full-stack open-source software platform for autonomous driving.
Quanta Computer has already developed a prototype of Autoware-integrated ECUs and conducted a field test using a real vehicle in cooperation with Tier IV. This core offering of Autoware-integrated ECUs will support key initiatives in production of multiple levels of autonomous driving.
Tier IV, Inc. is a deep-tech startup based in Japan. Founded in December 2015, Tier IV has led the development of the world's first open-source software for autonomous driving, also known as Autoware, and applied it for the proof of concept of last-mile driverless mobility and logistics.